On SemiconductorON

Technology
Neutral

ASignal's systematic analysis rates ON as Neutral. On Semiconductor has a market cap of $36.50B, a P/E of 66.99, a 9.5% net margin, and 4.7% year-over-year revenue growth.

Reflects the latest available analysis · analyzed Jul 11, 2026

The case on ON

Bull vs bear, surfaced by ASignal's framework agents from public market data. The precise verdict: ASignal Rank, confidence, and price targets - is in the app.

Bull case
  • Free cash flow of $1.28B indicates strong cash generation
  • Debt-to-equity ratio of 0.44x suggests conservative leverage
  • Current ratio of 4.87x reflects strong liquidity position
  • Gross margin of 42.67% indicates solid pricing power
  • PEG ratio of 0.31x suggests potential undervaluation relative to growth
VS
Bear case
  • MACD histogram negative and declining, signaling weakening momentum
  • Price trading below both SMA20 and SMA50, indicating downtrend
  • Revenue growth at 4.7% is relatively slow for a semiconductor company
  • Return on equity at 7.49% is below the ideal threshold of 15%

Key facts

Sector
Technology
Market cap
$36.50B
P/E ratio
66.99
Gross margin
42.7%
Net margin
9.5%
Rev growth YoY
4.7%
Price (Jul 9, 2026)
$93.79

Peers

Clustered with ON by analysis-profile similarity.

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See the full verdict on ON

ASignal Rank (1-4), confidence score, Buffett / Ackman / Dalio grades, price targets, and the full reasoning behind the call.

How ASignal analyzes ON

Most investors never get a second opinion, let alone several. ASignal runs ON past a panel of specialized investor-framework agents, each calibrated on a distinct school of investing: Warren Buffett's value discipline, Bill Ackman's activist lens, and Ray Dalio's macro view. They don't just score in isolation, they argue: a dedicated Challenger agent pushes back on every conclusion until the panel settles on a reasoned consensus, weighing fundamentals, macro conditions, market sentiment, and price action together. The kind of cross-examined read that takes a research desk hours, ASignal delivers in under two minutes, refreshed every cycle.

The signal direction and the bull and bear case above are free. The precise read, ASignal Rank, framework grades, price targets, and full reasoning, stays with subscribers.

On Semiconductor (ON) Stock Analysis - ASignal rates it Neutral